Rock-Tenn Completes Southern Container Acquisition
Thu, 03/06/2008 - 5:50am
NORCROSS, Ga. — Rock-Tenn Co. announced it has completed its previously announced acquisition of Southern Container Corp.
Southern Container manufactures containerboard and corrugated packaging. With the acquisition, Rock-Tenn becomes the eighth largest manufacturer of containerboard in North America.
Rock-Tenn financed the acquistion with $1.4 billion in new financing, including $1.2 billion of new senior secured credit facilities and $200 million of 9.25 percent senior notes due 2016.
Rock-Tenn has pro forma annual net sales of approximately $2.9 billion and operating locations in the United States, Canada, Mexico, Chile and Argentina.